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HB 5544: New “money transmission modernization act” to impose many regulations on Venmo, Paypal, etc.
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Introduced February 19, 2026
Official text and analysis
Financial institutions: money transmitters; money transmission modernization act; create. Creates new act.

Sponsor: Sarah Lightner
Cosponsors: Mark Tisdel, David Martin, Brenda Carter, William Snyder, Bill Schuette
Referred to House Finance Committee

 Votes on this bill
 
06/25/26  House roll call vote #263 On passage: Passed 97 – 10
For
AlexanderAndrewsAragonaArbit
BeGoleBierleinBohnakBollin
BortonBreenBrixieBruck
ByrnesCarter, B.CavittCoffia
ConlinDeBoerDeBoyerDievendorf
FairbairnFarhatFitzgeraldForeman
FoxFrisbieGlanvilleGreen
HallHarrisHerzbergHoadley
HopeHoskinsJenkins-ArnoJohnsen
KellyKoleszarKuhnKunse
LiberatiLightnerLintingLongjohn
MacDonellMaddockMarkkanenMartin
MartusMcFallMcKinneyMeerman
MentzerMorganMuellerMyers-Phillips
NeeleyNeyerO'NealOutman
PaquettePavlovPohutskyPosthumus
PrestinPricePuriRheingans
RigasRobinsonRogersRoth
SchmaltzSchriverSchuetteScott
SkaggsSlaghSmitSnyder
St. GermaineSteckloffSteeleTate
ThompsonTisdelTsernoglouVanWoerkom
VanderWallWegelaWendzelWilson
WitwerWoodenWoolfordWozniak
Xiong
Against
BesonCarraDeSanaGrant
GreeneMillerPaizWeiss
WortzYoung
Not Voting
Carter, T.EdwardsWhitsett
 



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